The 'World Economic Forum' holds its annual meeting in: MCQ with Answer and Explanation

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The 'World Economic Forum' holds its annual meeting in:

A. Geneva

B. Basel

C. Davos

D. Zurich

Answer: Option C

Solution (By JKSSB Mock Tests)

The World Economic Forum annual meeting is held in Davos, Switzerland.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

In the context of cost-benefit analysis, a project is considered viable if:

A. Only financial costs are considered without social costs

B. Present value of costs exceeds present value of benefits

C. Only private benefits are considered

D. Present value of benefits exceeds present value of costs

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Correct Answer: Option D

Explanation:
In cost-benefit analysis, a project is economically viable if the present value of its benefits exceeds the present value of its costs (Net Present Value > 0).

This question belongs to: Economy GK Economy Set 1

Question #2

Effective Revenue Deficit is defined as revenue deficit minus:

A. tax revenue

B. interest payments

C. grants for creation of capital assets

D. non-tax revenue

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Correct Answer: Option C

Explanation:
Effective Revenue Deficit is revenue deficit minus grants for creation of capital assets.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a feature of the 'Covered Interest Parity' condition?

A. Exchange rates are fixed

B. The interest differential between two countries equals the forward premium or discount on the exchange rate

C. Interest rates are always equal across countries

D. Only uncovered interest parity holds

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Correct Answer: Option B

Explanation:
Covered interest parity states that the interest rate differential between two currencies equals the forward premium or discount, eliminating covered arbitrage opportunities.

This question belongs to: Economy GK Economy Set 1

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